Fannie Mae HomePath Property

[Mason Carter]

Hello All,

I am about to pull the trigger on my very first flip, but when I narrowed down the unit I wanted to purchase I found that it is a Fannie Mae HomePath property.  According to my agent this is a governmental program where a property has been "foreclosed" on but no a traditional foreclosure. I also understand that these type of deals can take a long time to close and there is absolutely no negotiation. I'm looking to buy this property in cash and was hoping to have a quick closing. Has anyone had experience with this type of property?  Thank you for your time.